SLT Holdings LLC Has $691,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• SLT Holdings LLC reduced its stake in Super Micro Computer by 28.6%, owning 20,171 shares worth approximately $691,000 after selling 8,079 shares in Q1.
• Super Micro Computer's recent quarterly earnings exceeded analysts' expectations, reporting $0.31 earnings per share and $4.60 billion in revenue despite missing the consensus revenue estimate of $5.40 billion.
• Insider transactions revealed significant stock sales, with CEO Charles Liang selling 300,000 shares for $13.5 million, resulting in a 0.45% decrease in his ownership stake.

SLT Holdings LLC lessened its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 28.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,171 shares of the company's stock after selling 8,079 shares during the period. SLT Holdings LLC's holdings in Super Micro Computer were worth $691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SMCI. Thrivent Financial for Lutherans grew its holdings in Super Micro Computer by 8.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 21,357 shares of the company's stock worth $651,000 after acquiring an additional 1,597 shares during the period. American Century Companies Inc. grew its holdings in Super Micro Computer by 111.0% during the 4th quarter. American Century Companies Inc. now owns 161,007 shares of the company's stock worth $4,907,000 after acquiring an additional 84,691 shares during the period. Sei Investments Co. grew its holdings in Super Micro Computer by 617.0% during the 4th quarter. Sei Investments Co. now owns 34,422 shares of the company's stock worth $1,049,000 after acquiring an additional 29,621 shares during the period. LPL Financial LLC grew its holdings in shares of Super Micro Computer by 561.3% in the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company's stock valued at $20,592,000 after buying an additional 573,439 shares during the period. Finally, Corebridge Financial Inc. grew its holdings in shares of Super Micro Computer by 746.3% in the 4th quarter. Corebridge Financial Inc. now owns 154,236 shares of the company's stock valued at $4,701,000 after buying an additional 136,011 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Trading Up 10.2%

Shares of NASDAQ:SMCI opened at $60.05 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company's 50-day moving average price is $46.24 and its two-hundred day moving average price is $40.20. The stock has a market capitalization of $35.84 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.65 and a beta of 1.43. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $73.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. On average, equities analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SMCI shares. Bank of America started coverage on shares of Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price target for the company. Citigroup reaffirmed a "neutral" rating and set a $52.00 price target (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Rosenblatt Securities dropped their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, Raymond James Financial began coverage on Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.89.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock worth $29,949,340 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

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